Record profits in mostly public companies (which is all they can really measure). That money stays in the company. Execs, including CEOs are paid with salary and bonuses.
And even if the 90% threshold was, say 1.5M, with no loopholes or deductions who’s gonna keep going after that? You’ll just see more creative accounting.
@DaveDignity@giantsfan74@skumWgmi You’re correct. They are marginal. How does that justify applying a 90% tax bracket to any level? Where should it kick in?
@BowieFan2024@ULTRAJOEBALL@skumWgmi He just brought down the highest bracket in 2017 from 39.6% to 37%. He also increased the child credit deduction. What you’re saying isn’t accurate.
@peteaxelsen@MarcoFoster_@grahamformaine@NPR How so? I’m in the same business. What reputation for being corrupt? Home builders that aren’t straight shooters (I’ve only known that to mean honest and always wanting to do the right thing) generally don’t last.
@peteaxelsen@MarcoFoster_@grahamformaine@NPR You make it sound like people are forced to stay in jobs where they’re being underpaid. If you underpay your people, expect to either keep losing them, or get the worst of the worst.
@bigbilly2588@ULTRAJOEBALL@skumWgmi Because nobody paid 90%. Use your head if you have one. Do you really think people would start companies and take risks doing it is they knew they’d have to give up 90% of their income if they were successful?